Performance · Paper trading
Fund performance since inception.
All figures are simulated. The fund holds no real positions; NAV is computed from paper positions marked to live prices entered by desk leads.
- Fund NAV
- £105,769
- Since inception
- +5.77%
- Best month
- +0.88%
- Worst month
- −0.31%
Nov 25
Apr 26
Net asset value
Fund NAV since inception
Month-end snapshots to 30 September 2026.
Monthly returns
Month by month
Monthly returns table
| Month | Return | NAV |
|---|---|---|
| Nov 25 | +0.88% | £100,880 |
| Dec 25 | +0.81% | £101,701 |
| Jan 26 | +0.28% | £101,990 |
| Feb 26 | +0.32% | £102,314 |
| Mar 26 | +0.68% | £103,008 |
| Apr 26 | −0.31% | £102,685 |
| May 26 | +0.78% | £103,484 |
| Jun 26 | +0.88% | £104,389 |
| Jul 26 | +0.29% | £104,687 |
| Aug 26 | +0.22% | £104,919 |
| Sept 26 | +0.81% | £105,769 |
By desk
Per-desk returns
Each desk's share of the paper fund, from its allocation at inception.
| Desk | Division | Book value | Latest month | Since inception |
|---|---|---|---|---|
| Equities | Discretionary Trading | £22,017 | +1.90% | +10.08% |
| Macro & Rates | Discretionary Trading | £15,621 | +0.30% | +4.14% |
| Options & Futures | Discretionary Trading | £10,652 | +0.70% | +6.52% |
| Commodities & FX | Discretionary Trading | £15,907 | +0.90% | +6.05% |
| Systematic Strategies | Quantitative | £21,230 | +0.60% | +6.15% |
| Quant Research | Quantitative | £10,242 | +0.40% | +2.42% |
| Data & Infrastructure | Quantitative | £10,100 | +0.10% | +1.00% |
Benchmarks
Against the FTSE All-Share and a 60/40 portfolio
Indexed to £100,000 at inception.
Benchmark series are placeholders pending a licensed data feed. They illustrate the comparison, not actual index returns.
- LQDF (paper)
- £105,769
- +5.77%
- FTSE All-Share (placeholder)
- £108,738
- +8.74%
- 60/40 (placeholder)
- £106,769
- +6.77%